INTERNAL MEMORANDUM Date : 28th march 2016 To : Jeffrey Cheong Board of Director of HCF Sdn Bhd From : Teoh Chin Teh Operations Director of HCF Sdn Bhd Subject : Concern of closing down the company ------------------------------------------------- Objective The purpose of this memorandum is to convey the issue that having in HCF Sdn Bhd and also related to closing down the Malaysian operations to the Board of Directors. ECF Sdn Bhd having some major issue in the company but as
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Apple Leadership Profile Part I Learning Team A LDR/300 June 14, 2016 Apple Leadership Profile Part I Our team’s assignment focuses around a certain scenario, a scenario in which our chosen company's vice president of human resources has approached us requesting our assistance in recruiting and developing the organization's future leaders. The vice president has also asked us to brainstorm, research, and prepare a written profile. Our summary will include the industry and organization description
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appraisal of controls, performance, risk and governance throughout public and private entities. Financial matters represent only one aspect of the purview of internal auditing. Requirement to have Internal Audit Activity In January 2004, the US Securities and Exchange Commission (SEC) had approved new rules proposed by the New York Stock Exchange (NYSE) and NASDAQ Stock Market Inc. (NASDAQ) designed to improve their listed companies' governance standards. The New York Stock Exchange rules
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Why Depreciate Fixed Assets? Fixed assets are items that a company purchases for long term use in the business. Vehicles, machinery, equipment, furniture, land, etc. are some examples of fixed assets. The article discusses the rationale behind calculating depreciation of fixed assets. Depreciation of Fixed Assets Fixed assets must be revalued regularly to ensure that the right cost is included in the accounting books. Depreciation is very much necessary for fixed assets because the fixed asset would
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fraud, by few directors of the company. As we know that there is close nexus between corporate governance and ethics but conflicts between these two are also bound to occur. Corporate fraud, an inevitable incident occurring, in recent, is an aggravated form of corruption in corporate world. It is difficult to prevent and to catch such white collar crimes. Such incidents reduce the interest and trust in corporate investments and in
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1.0 Introduction Flat Cargo Berhad (FCB) is an air freight services and ground handling company. Its company’s operations cover Asian Pacific region including China, Japan, Thailand, Singapore and many more. Their main customers are United Parcel Services (UPS), City Link and Nationwide Express. The main shareholder for FCB is Bangor Sdn Bhd which is part of Miri Group represented by 26.5% of the company interest. Kencana & Associates is the auditor company that audit FCB’s account. The leader
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The Sarbanes-Oxley Act (SOX) has affected many audiences within the audit and business sectors. One of the major audiences the act continuously affects is the audit committee of public company board of directors. According to an online resource called the CPA Journal written by Stuart Buchalter and Kristin Yokomoto, since the 1940’s audit committees have been an important and necessary function of public companies financial reporting. In the 1970’s the New York Stock Exchange (NYSE) required board
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Whole Foods Market [ACTG 4760 Case Project 1] [Xiaofei Liao] History of Corporate Governance at the Firm Whole Foods Market was founded in Austin, Texas. 1980, with merely 19 people. There are four founders of the company, John Mackey, Rene Lawson Hardy, Craig Weller and Mark Skiles. John and Renee dropout from college and borrowed a total of $45,000 from their families and friends to open Saferway Natural Foods. Two years later, the couple partnered with Craig and Mark
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on the adequacy of internal controls e. Management’s stated intention to manage risk 6) Which corporate report discusses subjects that include environmental, health and safety, philanthropic and other social impacts? a. Corporate annual report b. Corporate social responsibility report c. Corporate quarterly report d. Corporate stakeholder report e. Corporate ethics committee report 7) The goal of the State Board of Public Accounting is to protect the public
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Spearheading the organization is Chief Executive Officer (CEO) Mike Duke. The CEO is responsible for overseeing many departments including corporate affairs, human-resources, and international affairs just to name a few. All sectors that the CEO oversees are; ASDA Stores, the United Kingdom counterpart to Walmart; global e-commerce; finance; information technology; corporate affairs; legal; merchandise, and replenishment; global customer insights; human resources; sourcing; international; Sam’s Club; and
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